Tiger Wales expands its operations and creates new jobs
Danish retail brand, Tiger, is expanding its operations in
Wales by opening a new 195 sq metre store in Cwmbran that is set to
create 10 new jobs.
The variety store, which sells own-brand
Scandinavian design homeware goods, opened its first store in
Cardiff in December 2013, with two female entrepreneurs heading up
the joint venture partnership.
The new store, located in unit 30 on Gwent
Square, Cwmbran sees Kate Methuen-Ley, 38, and Helen Corsi, 33,
expand their business operations just seven months after opening
the first Tiger store in Wales.
Headquartered in Copenhagen, Tiger has been
working with Mrs Methuen-Ley and Miss Corsi as official partners of
the retail brand since September 2013.
The duo originally came on board as partners
of the Tiger brand in Wales, however, the region has recently been
expanded and Mrs Methuen-Ley and Miss Corsi will now also roll out
Tiger stores across the south west of England.
Kate Methuen-Ley, of Tiger Wales, said: “The
Tiger brand and its products have been really well-received in
Wales. It has been an exciting and successful first seven months in
business for the Cardiff store and we’re feeling confident as we
take the next step towards opening our second store.
“Cwmbran is a very busy town centre and, with
more than 170 shops and free parking, it attracts an impressive 18
million visitors to the shopping centre each year, so for us it was
a priority location to target when we were considering how best to
grow Tiger in Wales.”
To finance Tiger’s second Welsh operation, Mrs
Methuen-Ley and Miss Corsi have secured investment from Finance
Wales and have gained further reinvestment from HSBC Bank, who
supported the duo to open the Cardiff store.
The Cwmbran deal has been overseen by
accountants Graham Paul and the store is set to open in
Miss Corsi said: “It has been a challenging
few years for the retail industry, but the success of Tiger in
Wales to date shows that if you have good products, and offer
something a little bit different to consumers, the demand is
“We have an ambitious growth plan to open at
least five stores over the next five years in Wales and the south
west, but we’re confident that as long we’re supplying the right
products we’ll meet this target. We’re already negotiating retail
space for the third Tiger store in Wales, which is set to open
later this year, and there are more stores in the pipeline for
The 50-50 joint venture partnership with the
parent company of the Tiger brand, Zebra A/S, is a model framework,
which includes support from its Copenhagen base, but allows the
partners to provide local expertise and drive the development of
Miss Corsi added: “Tiger is growing in Wales
and internationally too. Sales across all Tiger stores in 2013 were
up 64 per cent to the value of £196 million. It’s great to be part
of a brand that responds to the demands of its customers, offering
a range of practical but fun products.”
Finance Wales investment executive, Oliver
“Tiger Wales has already proved to be a
popular store in Cardiff and Finance Wales is pleased to support
Helen and Kate’s ambition to take the franchise to other parts of
South Wales. The new shop will provide significant job creation as
well as help enhance the local retail centre in Cwmbran.“
The Cwmbran store will be the 36th
Tiger outlet in the UK, and the retailer is expanding with an
average of two stores opening a week across Europe and the Far
East. In 2013, 95 new Tiger stores opened globally, bringing the
total number of stores to 314 by May 2014.